Customer – 1) Click on appropriate option a) for customer payments. Vendor – 1) Click on appropriate option a) for vendor payments. Account – 1) Click on appropriate option a) for payments such as a manual check to the lawn company, etc. Code – 1) Select or enter the customer or vendor code a) Only […]
Setting Up Master Bank Information and Recording Bank Account Information on Business Partner Master Record Administration > Set Up > Banking > Banks Country Code = USA Bank Code = Internal Code your want to use for the Bank Name Bank Name = the Bank Name Choose “Update” when Done Only one Bank Record needs […]
Making Deposits Banking > Deposits > Deposit Select the Checks Tab to post a check to a deposit SAP will list all the checks that are not yet deposited Highlight the checks you want to deposit Enter the G/L account number into the Bank Account Field Internal Reconciliation Define Bank Administration > Banking > Banks […]
Step One – Posting Incoming Payments This step records the payment to the customer (removes from Aging) it DOES NOT deposit the payment into your bank account Banking > Incoming Payments > Incoming Payments 1. Choose the Customer you have received payment for 2. Posting Date = the GL Posting Date 3. Reference = Optional […]
Via Check Banking > Incoming Payments > Incoming Payments 1) Enter the Customer’s Info 2) Select the Documents the payment is being applied to a. An * means it’s past due 3) Verify the Total Amount Due with the Check Payment a. If Partial Payment – change the Total Payment Amount to match the actual […]
SAP > Administration > System Initialization > Opening Balances > G/L Opening Balances Choose the G/L Account Range (from / to) Click OK If your company’s Fiscal Year does not Start on January 1st, change the Date value to the required date Enter the offsetting G/L Account in the “Opening Balance Account” field Enter the […]
Administration > Setup > Financials > Currencies menu Set the $0.00 (dollar amount) in the Incoming Amt Diff. Allowed column.
1. Choose G/L Account 2. From “Bank Account Number” to “Bank Account Number” 3. Due Date To = Statement Ending Date 4. Choose Reconcile 5. Select the “Open Transactions in Books” that are on your Bank Statement by highlighted the rows on the top left screen 6. Choose the Down Arrow to move them to […]